By Service Club Delivery • Issue #2
Welcome to the 2nd edition of Delivery Industry Weekly Roundup, your go-to source for weekly updates on the latest trends, technologies, and developments in the delivery industry.
We hope you enjoy this issue and find it informative and useful.
Let’s dive right in!
Top Headlines from the last 7 days:
First Hydrogen intends to conduct trials of its hydrogen-fuel-cell-powered vehicles with parcel delivery companies, responding to increased interest in eco-friendly fleet options. The company’s hybrid engines, combining hydrogen fuel cells and batteries, are designed for both short urban trips and longer journeys. With a fast refuelling time of around 5 minutes, these vehicles offer operational advantages over electric vehicles. CEO Steve Gill underscores the necessity of integrating fuel cell and battery vehicles to meet emission targets in the expanding parcel delivery market, predicted to surpass $210 billion by 2032.
Parcel delivery company Evri is creating over 200 new positions in Tayside and Fife regions, preparing for an expected surge in demand leading up to Christmas. Formerly known as Hermes, Evri typically delivers 2.5 million parcels daily in the UK, but this increases to 4 million per day before December 25. With a £45 million investment for the festive season, the company plans to hire 5,000 employees, offering a mix of permanent and temporary roles. Couriers can earn around £16 per hour, delivering up to 150 parcels daily between 8am and 8pm, with a focus on local areas.
US grocery delivery firm Instacart has filed for an IPO on the Nasdaq exchange, with shares expected to trade next month. The San Francisco-based company, backed by investors including Norges Bank and venture capital firms, experienced a surge in revenue during the pandemic with a 590% increase in 2020. However, its growth has slowed since, leading to a reduced internal valuation of $12 billion. While earnings improved from a net loss of $74 million in H1 2022 to a net income of $242 million in H1 2023, Instacart cautioned about its history of losses and sustainability of profitability.
The Genie® Company has established a collaboration with Amazon Key In-Garage Delivery to facilitate the secure and convenient delivery of Amazon packages and groceries using their Wi-Fi enabled smart garage door openers and controllers. This integration enables Amazon Prime members, equipped with compatible Genie garage door openers, to receive deliveries within their garage, mitigating concerns related to package theft and weather-related damage. Amazon Key In-Garage Delivery, available across numerous cities in the US, grants drivers one-time secure access to the garage, initiated upon scanning the package. This alliance offers an extended delivery choice to Aladdin Connect customers subscribed to Amazon Prime, encompassing Amazon packages and grocery deliveries through Amazon Fresh or Whole Foods Market.
As we bring this week’s issue to a close, we hope, once more, you’ve found our updates insightful. Stay tuned for deeper coverage of the dynamic delivery landscape, keeping you at the forefront of industry trends.
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Thank you for being part of the Service Club community. Until our next dispatch, stay connected and inspired!
Have a great week!
The Service Club Team